TORONTO (Feb. 22, 2023) – Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), today announces a series of updates to Sage Intacct. From simplifying and automating bill processing to increasing visibility, businesses globally will benefit from smoother processes and increased productivity as part of Sage Intacct 2023 Release 1.
“With this release, Sage continues to expand the reach of the Sage Intacct solution—with new innovative capabilities we deliver for our customers and relative to what global regions it is available,” said Dan Miller, EVP Sage Intacct. “Midsize business requires speed and agility, in the finance and accounting workflow that underpin every facet of their operations. We’re helping these businesses modernize their financial management systems to streamline processes and gain insights helping them improve productivity, reduce costs, and prepare their business for rapid growth.”
Daniel Oh, VP of Medium Segment for Sage in Canada said, “These new enhancements for our Canadian customers primarily focus on automation. To stay competitive, customers must find new ways to improve efficiency and stay agile. The power of AI has been key for us as we continue to evolve the product and build new features that align with our customer’s needs.”
Key product enhancement in Sage Intacct 2023 Release 1 include:
Accounts Payable (AP) Bill Automation – Today, a third (34%) of typical AP process time for medium-sized businesses is spent on invoice entry1 . With Sage’s AI-powered bill entry, customers can save up to half of that time on AP processing. Coupled with other Sage Intacct AP capabilities, including paperless approval routing, automated payment processing, automated reconciliation, and reporting, customers can manage their entire AP process within Sage Intacct.
The solution has no monthly subscription or implementation fee. Customers pay based on what they use, making it more affordable for smaller midsize organizations.
Availability: This solution is now generally available in the US through direct and reseller channels. In Canada, the United Kingdom, South Africa, and Australia, the solution is currently available to select customers via an early adopter program.
Mateo Savings and Loan – Since its acquisition of Mateo less than a year ago, Sage has already invested significantly to enhance functionality for the leading cloud-based Roman Catholic diocesan savings and loans solution on the market. The latest updates include improved flexibility for financial statement generation, streamlined workflows, and expanded import capabilities.
1. IDC InfoBrief: Digitizing Accounts Payable and Receivable Boost Efficiency and Enable Growth sponsored by Sage, Doc #EUR149642122, September 2022.
Availability: The latest enhancements to Mateo are now generally available in the US.
Automating usage billing for subscriptions – Sage continues to simplify billing by making Sage Intacct the first midmarket accounting and ERP solution to automate usage billing for evergreen subscriptions. As a result, users can automate their financial processes without the need to bolt-on third party billing applications, delivering simpler and real-time visibility and minimising complexities like contract amendments, usage, one-time, and subscription billing to grow their businesses.
Availability: These enhancements are now available in the US, Canada, UK, South Africa, and Australia.
Continued Global Expansion for Sage Intacct
With Sage Intacct 2023 Release 1, several applications originally launched in the US are now becoming available in additional regions around the globe. This includes:
For more information on Sage Intacct, please visit our website. Existing customers can also refer to the product release notes.
PR Manager, Canada
Follow Sage Intacct on LinkedIn – https://www.linkedin.com/company/sageintacct/
Follow Sage Intacct on Twitter – https://twitter.com/SageIntacct
Follow Sage Intacct on Facebook – https://www.facebook.com/SageIntacct
See other recent Sage announcements – https://www.sage.com/en-ca/news/
Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners, and accountants. Customers trust our finance, HR, and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology, and experience to tackle digital inequality, economic inequality, and the climate crisis. Learn more at www.sage.com/en-ca/.